(Reuters) -India’s Adani Group on Monday said shares related to some group companies will be released following the pre-payment of $1.11 billion of loans ahead of their maturity in 2024 while denying media reports that said the conglomerate was planning to cut back its capital spending. With the pre-payment of loans against shares, promoter holdings…
BENGALURU, India (Reuters) – Russia was willing to meet India’s oil needs at ‘market price’, the CEO of top Russian oil major told Reuters on Monday. In December last year, the Group of Seven, the European Union and Australia enforced a price cap on crude oil at $60 per barrel, aiming to reduce Moscow’s ability to finance…
By Melanie Burton and Scott Murdoch MELBOURNE (Reuters) -Top gold producer Newmont Corp said it had made a $16.9 billion offer for Australian peer Newcrest Mining Ltd to build a global gold behemoth, although investors and analysts said it undervalued the target amid a leadership change. Newcrest is seeking a new boss, with previous chief…
(Reuters) -U.S. investor Sixth Street is among the companies preparing to bid for a portion of the German football league’s media and commercial rights, the Financial Times reported on Monday, citing people familiar with the matter. The report comes as Germany’s soccer governing body is pressing on with plans to sell parts of the Bundesliga…
(Reuters) – U.S. investor Sixth Street is among the firms preparing a bid for a part of the media and commercial rights to Germany’s football league, the Financial Times reported on Monday, citing people familiar with the matter. The sale of a minority stake in the Bundesliga rights could be valued up to 18 billion…
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Monday defended his decade-long stimulus programme, saying there was “no better way” to aim at sustainably achieving its 2% inflation target. “With our monetary easing steps, we sought to stimulate economic activity and tighten the labour market so that prices and wages would rise more,”…
By Krystal Hu, Anirban Sen and Jahnavi Nidumolu (Reuters) – Public Storage, the largest U.S. operator of self-storage properties, on Sunday unveiled an $11 billion hostile bid for Life Storage Inc, ratcheting up attempts to buy its smaller rival after its earlier takeover attempts were rebuffed. Under the proposed all-stock deal, Life Storage shareholders would…
SYDNEY (Reuters) – Australian retail sales volumes fell for the first time in a year last quarter as shoppers trimmed spending on goods, a sign higher borrowing costs are finally working to curb spending. Data from the Australian Bureau of Statistics on Monday showed real retail sales dipped 0.2% in the December quarter to A$96.9…
(Reuters) – Carlyle Group has hired Harvey Schwartz as its next chief executive officer, a person familiar with the matter told Reuters on Sunday. (Reporting by Chibuike Oguh and Lavanya Ahire in Bengaluru; editing by Diane Craft)
(Reuters) – Australia’s No. 1 gold miner Newcrest Mining Ltd on Monday said it received a non-binding all-stock takeover offer implying an equity value of $16.93 billion from U.S.-based gold miner Newmont Corporation. Under the indicative offer, Newcrest shareholders will receive 0.380 Newmont shares per every Newcrest share. “The Newcrest board, together with its financial…
